Mei Yingchun has officially assumed the role of Deputy General Manager at ICBC Credit Suisse Fund Management Co., Ltd., marking his transition from the Ministry of Finance to ICBC and now to one of the largest bank-affiliated public fund companies.
On March 10, ICBC Credit Suisse Fund announced the executive change, noting that Mei Yingchun took up the position on March 9 and currently serves as Deputy Party Secretary at the general manager level of the head office. This appointment comes less than half a year after he joined the fund company in October 2025.
This is not the first recent executive adjustment at ICBC Credit Suisse. In November 2025, the company announced the appointments of Yang Fan as General Manager and Zhang Hua as Deputy General Manager on the same day. Within six months, three core executives have taken their positions, signaling a reshaping of the leadership team focused on risk control and operations at this financial giant, which manages assets exceeding 2.3 trillion yuan.
Mei Yingchun's career reflects a unique blend of experience in public finance and banking. Public records indicate he holds a doctoral degree and previously worked at the Ministry of Finance, where he gained extensive experience in fiscal systems. In February 2021, he transferred to ICBC as a principal official in a head office department. He joined ICBC Credit Suisse Fund in October 2025 and currently holds the position of Deputy Party Secretary at the head office general manager level.
This career path is notable. Moving from the national fiscal authority to core banking divisions and then to a public fund management company, each of Mei Yingchun's transitions has aligned with key nodes in China's financial system. Industry analysts suggest that professionals with combined expertise in fiscal policy and bank management hold strategic value for bank-affiliated public fund companies like ICBC Credit Suisse, which maintain deep ties with their parent banks.
Mei Yingchun's appointment continues the executive team building at ICBC Credit Suisse Fund over the past six months. On November 21, 2025, the company announced that Yang Fan had taken the role of General Manager and Zhang Hua as Deputy General Manager, effective immediately. Like Mei Yingchun, both Yang Fan and Zhang Hua are seasoned executives from the ICBC system.
Yang Fan's experience spans financial markets, cross-border business, asset management, and branch operations. He joined ICBC in June 2005, serving as deputy director and director in the head office's Financial Markets Department, and as co-head and head of ICBC Asia. From December 2017 to September 2025, he held positions as Deputy General Manager of ICBC's Asset Management Department and General Manager of ICBC Asset Management (Global), as well as Party Committee Member and Deputy Head of ICBC's Shenzhen Branch.
Zhang Hua has long been dedicated to the head office's Financial Markets Department. He joined ICBC in May 2005, serving as deputy director and director in the department. From January 2018 to July 2025, he held roles as Assistant General Manager and Deputy General Manager of the Financial Markets Department at ICBC's head office.
With Mei Yingchun's latest appointment, ICBC Credit Suisse Fund has strengthened its core leadership team—comprising the General Manager and two Deputy General Managers—in less than six months.
Earlier, in May 2025, the company had already adjusted its risk control line: Hao Wei stepped down as Deputy General Manager due to role changes and was appointed Chief Supervisor and Risk Officer, while former Chief Supervisor and Risk Officer Zhu Biyan transitioned to a senior expert role. These moves complete the realignment of senior management across both risk control and operational functions.
ICBC Credit Suisse Fund was established in June 2005 as China's first bank-affiliated public fund company. Its shareholders are ICBC, holding an 80% stake, and UBS, with a 20% stake. Since its inception, key executives have predominantly been assigned from ICBC, a practice that continues today.
The recent appointments of the three executives are seen by the market as a sign of strengthened support and coordination from majority shareholder ICBC. As a leading bank-affiliated public fund company, ICBC Credit Suisse Fund's steady growth relies on resources from its parent bank. As of the end of the third quarter of 2025, the company's total assets under management, including subsidiaries, exceeded 2.3 trillion yuan. By February 27, 2026, its public fund management scale reached 896.624 billion yuan, with 496 funds and 88 fund managers.
In addition to its public fund business, pension services have become a significant growth driver. The company's enterprise annuity single-plan fixed-income and equity-included portfolios have achieved cumulative returns of over 10% in the past three years, ranking among the top in the industry. In the first half of 2025, the company reported a net profit of 1.745 billion yuan, placing it near the top in the sector.
In the IPE "Global Top 500 Asset Managers" ranking, ICBC Credit Suisse Fund was one of nine Chinese institutions to break into the top 100, securing the 96th position.
Known for its stability among bank-affiliated public fund companies, ICBC Credit Suisse Fund's latest executive adjustments indicate that the 2.3 trillion-yuan asset manager is reinforcing its talent foundation for future growth. The simultaneous arrival of two seasoned asset management veterans may further demonstrate ICBC's ongoing support and enhanced collaboration with the fund company.
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